Los Angeles business leader Rick Caruso is using his connections to help his newly-launched nonprofit organization that aims to rebuild after wildfires.

Caruso’s initiative signals the intention of finance capital to exploit the wildfires disaster for the pursuit of profits with the help of the Democrats and Republicans.

A number of heavy hitters are already involved at the foundation, Steadfast LA, including Gensler Global co-Chair Andy Cohen, Parsons President Carey Smith, CBRE Advisory Services President Lew Horne, along with real estate, banking, insurance and private equity executives, the Los Angeles Times reports .

Developer Rick Caruso unveils foundation to tackle the most pressing challenges facing Pacific Palisades, Altadena, Malibu and Pasadena as they rebuild.

Rick Caruso is launching Steadfast LA, a non-profit that aims to help people return to their homes and rebuild in the wake of January's L.A. fires.

Billionaire developer Rick Caruso has launched a nonprofit group to help rebuild Los Angeles after last month’s historic wildfires.

He says Steadfast LA is “about getting our hands dirty, breaking through obstacles and physically rebuilding — brick-by-brick, street-by-street.”